Nvidia Stock Forecast: NVDA Targets Record-High After New $2 Billion AI Deal

Firmus, an Nvidia-backed artificial intelligence (AI) infrastructure firm, raised $2 billion in a fully subscribed equity round, lifting its valuation above $10.5 billion. The round closed as NVIDIA (NVDA) shares traded within about $13 of their all-time high.

The raise is the latest in a string of multibillion-dollar commitments tied to Nvidia’s ecosystem. For NVDA bulls, it signals that heavy AI spending remains intact ahead of the August 26 earnings report. Nvidia (NVDA) Stock Performance.

Source: TradingView Nvidia Doubles Down on Firmus’ AI Infrastructure Buildout Nvidia and Coatue Management returned as follow-on investors in the round. Blackstone-managed funds and trading firm Jane Street joined for the first time, Firmus said in a statement.

Former Bitcoin Miner Firmus Raises $2 Billion as Nvidia Backs Its AI Infrastructure PivotReuters reported that Firmus, an AI infrastructure company that previously operated as a Bitcoin miner, has raised $2 billion in equity funding at a post-money valuation of more than $10.5… pic.twitter.com/qMB7hK0zaD— Wu Blockchain (@WuBlockchain) August 7, 2026 The deal follows the SpaceX satellite computing deal announced earlier this week and a June agreement for Firmus to buy Nvidia infrastructure and resell Nvidia-powered cloud services.